CADA: Auto dealer inventory warning index declines to 50.4% in June

Tuesday, 02 July 2019 11:52:23 (GMT+3)   |   Shanghai

China’s auto dealer inventory warning index stood at 50.4 percent in June, down 3.6 percentage points compared to May, while declining by 8.8 percentage points year on year, as announced by China Automobile Dealers Association (CADA). June is the 18th successive month during which the auto dealer inventory warning index has exceeded 50.0 percent.

In June, due to moves in China to introduce new stricter vehicle emissions standards as of the start of July, auto dealers were very active in seeking to reduce their inventory levels, resulting in the rises seen in auto sales volumes.

Most Recent Related Articles

Euro area construction output up by 0.7 percent in Nov from Oct

Some Izmir-based Turkish mills further reduce ship scrap purchase prices

CEBID: Turkish steel pipe output expected to increase in 2020

Japan's new ship export orders fall in 2019

Domestic rebar prices in Taiwan - week 4